Warsh's Jackson Hole Debut and Nvidia Earnings Set Stage for Market Direction

Bitcoin began the week of August 24-30 trading near $77,000 after a roughly 23% rise over the prior seven days driven by various factors including the U.S. Treasury's expanded bond buybacks, regulatory optimism around the CLARITY Act, ETF inflows and a sharp short squeeze.

The market now faces a dense schedule that could set direction into the September Fed meeting with key highlights including Fed Chair Kevin Warsh delivering his first Jackson Hole keynote on Friday, August 28 alongside Wednesday's PCE inflation print and Nvidia's earnings.

On the crypto side, BNB Chain activates its Pasteur hard fork on August 25 while BitMart's trading shutdown deadline of August 26 stands despite talk of a possible restructuring with users relying on a restart rather than acting before the deadline being dependent on a review made by the company itself subject to reservation.